#Binance Launchpool has started the 63rd project - BIO Protocol (BIO), which is already in progress. Friends who have not deposited yet, please go and stake BNB/UDUSD for mining:
https://launchpad.binance.com/zh-CN
Next, let’s take a quick look at BIO Protocol and its token $BIO
🔍 What is BIO Protocol?
BIO Protocol is a decentralized science (DeSci) launchpad and liquidity protocol that aims to drive global biotech innovation in a decentralized manner. It connects patients, scientists, and investors to jointly fund and own tokenized biotech projects and intellectual property (IP).
🌐 What is the vision of BIO Protocol?
- Accelerate scientific breakthroughs: Support individuals rather than institutions to lead biotechnology funding and commercialization.
-Liquidity and Community: Build efficient markets and on-chain communities to collaborate around the most promising early-stage scientific projects.
- Tokenization of intellectual property: Providing incentives and structures for distributed R&D outside of the traditional pharmaceutical industry, creating more valuable scientific IP.
🌐 How to solve the pain points in the biotechnology field?
-Decentralized financing: Open investment channels to allow anyone to support potential projects.
- Resource integration: pooling data, funds and talents to reduce innovation costs.
-Investment risk diversification: Reduce the risk of biotechnology investments through project portfolio management.
-Global collaboration: Attract global scientists and capital to promote breakthrough research.
- Shared property rights: enabling shared ownership of intellectual property through tokenization.
- Early-stage liquidity: Providing liquidity support for biotech assets.
-Open governance: removing the middlemen in the traditional funding process.
What are BIO Protocol’s core products?
1. BioDAO Launchpad
- The first batch of 8 DAOs have completed the acceleration program, with a total market value of more than US$300 million.
- The latest BioDAO raised $6.8 million in initial funding, which was oversubscribed 13 times.
2. Acceleration tools
- Provide legal framework, brand building and Web3 tool support to help the community build BioDAO.
- Raised a total of $7.37 million in research funding, with a tokenized IP portfolio valued at over $43 million.
3. Liquidity Protocol
- Bootstrapping liquidity through BIO Genesis with a total value locked (TVL) of over $50 million.
- Network token holders: approximately 29,800.
What capabilities does $BIO have?
- Governance rights: holders can participate in the governance of the protocol and BioDAO.
- Whitelist Access: Get priority access to BioDAO funding rounds and IP tokens.
- Curation Management: Support the launch of high-quality BioDAOs and provide funding and liquidity.
- Connecting the ecosystem: BIO holds a basket of DeSci tokens and achieves network linkage by supporting BioDAO.
- Liquidity income: Earn transaction fees by tokenizing assets in the protocol treasury.
💹 $BIO’s financing and circulation
Private placement and public offering raised a total of US$30.2 million:
- Private Equity Financing
- Pre-seed: Raised $900,000 at a $35 million valuation.
- Seed round: raised $1.4 million, valuation $69 million.
- Public financing
- Genesis Round 1: Raised $6.2 million at a valuation of $85 million.
- Genesis Round 2: raised $18.2 million at a valuation of $142 million.
- Genesis Round 2.5: raised $3.5 million at a valuation of $219 million.
- Total Tokens, Circulation and Distribution
- Total supply 3.32 billion, initial circulation 1.296 billion.
- Binance Launchpool accounts for 3% of the total.
Please see the accompanying pictures for other allocations and unlocking!
